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Russian holding Interros has acquired 30% in Russian gold mining enterprise Yuzhno-Verkhoyansk Mining Company (YuVGK), reported Vedomosti. The deal was confirmed by Yevgeny Ivanov, the general director of Interros’s gold subsidiary Polyus Gold, via his press office. The value of the deal and the vendor were not revealed. Vedomosti also reported that Interros sold 50% in YuVGK to Polyus Gold, as a result of which Polyus Gold became the sole owner of YuVGK. Vedomosti reported that, this year, Polyus Gold’s owners Mikhail Prokhorov and Vadimir Potanin bought 20% in YuVGK, via Interros, from Irish Celtic. Yesterday, it was announced that Interros acquired an additional 30% in YuVGK and afterwards sold its entire 50% to Polyus Gold. According to information from Polyus Gold, the value of the deal was USD 300m. Vedomosti wrote that Polyus Gold acquired the first 50% in YuVGK in 2005.

Source Vedomosti